I listened to the news today and that, along with the speech made on April 13th by Obama, leaves me feeling very pessimistic about this country. Once again the Democrats wage war on “wealthy” Americans. The problem as Obama sees it, we don’t tax enough and we can keep spending at the current rates as long as we just tax people more.
OK…tax those that own small businesses and tax those who invest in the economy and take the risk, monetarily, to help drive the economy (that ultimately creates jobs). Just have the Feds create more jobs instead. Let’s just ramp up the old class warfare argument. I have to ask, where is the bipartisan? When did it become a crime in the USA to make money? Don’t people who make money spend it? If they don’t then aren’t jobs lost and local economies hurt?
Call me stupid but I don’t see how raising taxes on anyone works. It promotes the idea that middle class people and poor people (especially those who are unmotivated to work) should get part of the success of hard-working Americans who have made a few bucks. I’m not talking about our billionaires in this country or even those with 10 million and up in assets. Does anyone really think a person who has saved up 2 or 3 million dollars through hard work are “the rich!”
Why oh why can’t we just for this one time seriously cut government spending. Roll it back to pre 9/11 levels. Defund all non-essential and repetitive programs. Yes, The National Endowment for the Arts and NPR are non essentials. I’m an artist, writer, filmmaker and I have never used any federal money. States can offer tax credits (again back to NOT paying taxes) to attract filmmakers.
I do believe that true solutions to problems are usually simpler than the solutions dreamed up and implemented. The same is true here. End the IRS, stop federal taxes both personal and corporate, institute a national sales tax and I bet you’d have more than enough money. I know, the problem is EVERYONE would pay tax now. This would hurt the poor. Right? Well they are being hurt now with state and local sales tax. Exempt food and other essential items. This way everyone pays even all the gray market workers. Even the criminals!
Taking away the deduction for giving to non-profits by really wealthy people will hurt all those agencies trying to help society. Giving is already down. Go ahead and remove an incentive. You might say the rich should give regardless the deduction. Do you? The government by its tax rules shape how we act. They want us to save they create IRAs and 401Ks. They don’t want us to buy a house, remove the mortgage deduction.
Just think about it. Republican or Democrat I don’t care. I’m an independent and I’m sick of the excuses.